Why you should rent!

Renting Means More Flexibility

What if you get a great job offer, get married or have a baby and need to move? If you’re currently renting, then you simply don’t renew your lease – or sublet the place until your lease is up. However, the process of selling a house (getting the house prepped, hiring a Realtor, etc) is much more involved, time consuming, and expensive.

For instance: what if you need to move before your house sells? Or you don’t find a buyer and your house sits on the market for several years? You will be paying both rent in your new location and your mortgage payments on your unsold house. Or perhaps worse, you’ll have to pass on opportunities that you are interested in because you lack the flexibility to take advantage of them.

Renting is Less of a Hassle Than Buying

Buying a home is an investment. It takes work and it’s expensive. You can’t just purchase a home and then forget about it. There’s always something that needs to be fixed or updated. And unless you have money to hire a staff of people to help, you’ll most likely be doing it yourself. If the yard needs to be mowed, you have to bust out the lawn mower. If you want to repaint a room, you’ll have to buy some paint and get busy.

Maintaining and personalizing your home can be very rewarding once you’ve finished, but you’ll find that it’s a job that’s hardly ever complete. You’ll constantly want to update things and make it more your style, which means putting in a lot of sweat equity.

Too many things can go wrong when you own a home, whereas renting can provide a more stress-free and carefree lifestyle, especially for a young adult or young couple. After experiencing too many costly and time consuming projects with my own house, I said goodbye to homeownership and hello to renting. And I haven’t regretted it once.